Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$322,594$306,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.400%
Blended rate7.730%7.640%
1st payment$2,254.57$2,118.68
2nd payment$0.00$0.00
Taxes / mo$510.33$510.33
Insurance / mo$150.00$150.00
MI / mo$152.54$61.20
HOA / mo$0.00$0.00
Total monthly$3,067.44$2,840.22
Cash to close$17,406$34,000